UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 162,744 Shares of United States Steel Co. (NYSE:X)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 601,070 shares of the basic materials company's stock after selling 162,744 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of United States Steel worth $20,430,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of X. Bessemer Group Inc. raised its stake in United States Steel by 64.0% during the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after acquiring an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of United States Steel in the fourth quarter valued at approximately $27,000. Parkworth Wealth Management Inc. acquired a new position in shares of United States Steel in the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new position in shares of United States Steel in the fourth quarter valued at approximately $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of United States Steel in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 81.92% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a "hold" rating and issued a $55.00 price objective (up previously from $50.00) on shares of United States Steel in a research note on Tuesday, May 27th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $38.00 price objective (down previously from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. Glj Research downgraded United States Steel from a "strong-buy" rating to a "strong sell" rating in a research note on Friday. Wolfe Research reissued a "peer perform" rating on shares of United States Steel in a research report on Tuesday, May 27th. Finally, Morgan Stanley increased their target price on shares of United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, United States Steel has a consensus rating of "Hold" and an average price target of $41.37.

United States Steel Trading Up 1.3%

NYSE:X traded up $0.70 on Friday, reaching $53.93. 18,740,951 shares of the stock traded hands, compared to its average volume of 6,119,405. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 36.19, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. The company's 50 day moving average is $43.43 and its 200-day moving average is $39.12. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $54.03.

United States Steel (NYSE:X - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.54 billion. United States Steel had a return on equity of 4.27% and a net margin of 2.46%. United States Steel's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. Equities research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Monday, May 12th. United States Steel's payout ratio is 68.97%.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.